Arlington, VA

Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Andors Real Estate Group.

Can spring happen in June? How about July?

Since Arlington sellers continue to postpone listing their homes, I’m predicting a delayed spring market in early summer. While some sellers will have made alternate arrangements, many have simply put off their moves temporarily and will resume their plans as soon as they feel they can. Those who have listed during the pandemic have certainly reaped the rewards we expect at this time of year, price escalations!

Over the past 30 days, properties that have settled in Arlington have done so for almost 101% of their asking price, netting sellers $7,000 more on average than they were asking.

Purchasers have been doing their part in Arlington over the past couple months despite COVID-19, scooping up approximately half of each week’s fresh new inventory within 7 days. The trend of historically low interest rates certainly bolsters their optimism in Arlington real estate as well.

As we start to see restrictions easing in our state, expect to see an uptick in real estate sales volume in lockstep. The flowers bloomed early this year, but we’re headed for a late spring market!

There are currently 235 homes for sale in Arlington. 119 are detached homes, 30 are townhouses/semi-detached, and 86 are condos. Average days on market (DOM) is 58 and median DOM is 37. Four weeks ago, median DOM was just 23 and average was 51.

Sellers listed some 42 properties for sale this week. Buyers ratified 39 contracts, 21 of which were homes that had been on the market one week or less.

The median list price of available properties is $999,000, while the average is $1,132,562. Last year for the same week, sellers listed 84 homes and buyers ratified 56 contracts.

Click here to search currently available Arlington real estate. Call the Andors Real Estate Group today at (703) 203-1117 to talk more about buying or selling Arlington real estate. Below are eight homes that are new this week that I think you might like to check out.

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